SkyAI Commences Cash Tender Offer to Purchase Up to 67.1 Million Shares and Warrants
Key Highlights
- ➤$3.00 cash tender offer targets up to 95% of each security class
- ➤Offer covers 48.3 million shares and approximately 18.8 million warrants
- ➤$223.8 million cash funds offer; full subscription would cost approximately $201.3 million
- ➤Offer expires October 29, 2026, unless extended or earlier terminated
- ➤SkyAI completed sale of all SOL; offer is no longer conditioned on SOL price
NEW YORK, Oct. 19, 2026 (GLOBE NEWSWIRE) -- SkyAI, Inc. (Nasdaq: SKYA) (“SkyAI” or the “Company”) commenced on October 16, 2026 its previously announced cash tender offer (the “Offer”) to purchase up to 95% of each class of its outstanding common stock, cash pre-funded warrants, cryptocurrency pre-funded warrants and strategic warrants at a purchase price of $3.00 per share or warrant in cash. Based on our cash holdings as of October 16, 2026, the purchase price represents an approximately 0.95x multiple of our net asset value (“mNAV”).(1)
The Offer will expire at one minute after 11:59 p.m., New York City time, on October 29, 2026, unless extended or earlier terminated. The Offer is subject to the conditions described in the Offer to Purchase, including the minimum condition for each class.
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